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Author Topic: Buy now or not?  (Read 2546 times)
ibrahim11 (OP)
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August 19, 2014, 11:58:59 PM
 #1

Should i buy now or not? is this a trap?  Grin
shizuska
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August 20, 2014, 12:05:09 AM
 #2

Depends on what ROI are you waiting for, id say there is about 90% probability that we will be over 1000 by the same time next year. Thats 100% ROI or more in a year.
FattyMcButterpants
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August 20, 2014, 12:18:20 AM
 #3

depends what you are looking for -- long term? short term? and how much do you care about your entry point as long as you are getting good return? if you are trying to maximize risk/reward, i'd wait.
ibrahim11 (OP)
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August 20, 2014, 12:34:34 AM
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depends what you are looking for -- long term? short term? and how much do you care about your entry point as long as you are getting good return? if you are trying to maximize risk/reward, i'd wait.
I want long term or when the price goes above $1000, whichever comes sooner
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August 20, 2014, 12:46:30 AM
 #5

Buy dude, and if you are strong enough; don't check the prices the coming months as the up and down swings can make a man sick. Buy and hold, you will win, you are still an early adopter.
ibrahim11 (OP)
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August 20, 2014, 12:47:47 AM
 #6

Buy dude, and if you are strong enough; don't check the prices the coming months as the up and down swings can make a man sick. Buy and hold, you will win, you are still an early adopter.
i'll think about it. Should i buy guys?
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August 20, 2014, 12:54:50 AM
 #7

Should i buy now or not? is this a trap?  Grin

if its a trap... at least you'll be traped with an asset that is:

1. Scarce
2. Durable
3. Portable
4. Divisible
5. Impossible to counterfeit
7. Fungible ( any 1 BTC has the same value as any other )
8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)
10. all of the above. + very shiny


 Cheesy

Chef Ramsay
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August 20, 2014, 12:59:58 AM
 #8

depends what you are looking for -- long term? short term? and how much do you care about your entry point as long as you are getting good return? if you are trying to maximize risk/reward, i'd wait.
I want long term or when the price goes above $1000, whichever comes sooner
The saying goes that "Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants and debt/fiat is the money of slaves." Determine where Bitcoin fits in for you and then decide whether you want any sooner rather than later. Smiley
DrBitcoin
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August 20, 2014, 01:08:17 AM
 #9

Should i buy now or not? is this a trap?  Grin

if its a trap... at least you'll be traped with an asset that is:

1. Scarce
2. Durable
3. Portable
4. Divisible
5. Impossible to counterfeit
7. Fungible ( any 1 BTC has the same value as any other )
8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)
10. all of the above. + very shiny


 Cheesy

Ok...but what if this scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset looses 100% of its value?

The you have a scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset that is worthless.

My point? Your point is pointless.
john_doe
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August 20, 2014, 01:39:36 AM
 #10

Ok...but what if this scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset looses 100% of its value?

The you have a scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset that is worthless.

My point? Your point is pointless.
I find it hard to believe something with so many features could be worthless  Roll Eyes

If you believe my post is helpful and you feel like donating a small amount, please use this address: 165i2m6WNT3v4KPWbFesKhceaXf2shcUDR
botany
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August 20, 2014, 01:39:54 AM
 #11

Should i buy now or not? is this a trap?  Grin

A trap or a once-in-a-lifetime opportunity?  Wink
ibrahim11 (OP)
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August 20, 2014, 01:57:29 AM
 #12

I've decided to buy 2 btc but i want to buy at $460. Will it drop down to $460?
ZeroEnergy
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August 20, 2014, 02:00:33 AM
 #13

I've decided to buy 2 btc but i want to buy at $460. Will it drop down to $460?

Maybe...  Will a meteor hit the earth?  Maybe...

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botany
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August 20, 2014, 02:02:59 AM
 #14

I've decided to buy 2 btc but i want to buy at $460. Will it drop down to $460?
Do you intend to hold for long term? If yes, what is your long term price outlook? Would it make a difference if you bought at $480 instead of $460?
FattyMcButterpants
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August 20, 2014, 02:31:03 AM
 #15

I've decided to buy 2 btc but i want to buy at $460. Will it drop down to $460?
Do you intend to hold for long term? If yes, what is your long term price outlook? Would it make a difference if you bought at $480 instead of $460?

the difference is a handful of bit cents, that's what! hey, if bitcorn really goes to a million+, then a bit cent will be quite the pretty penny, eh? just sayin! Smiley
adamstgBit
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August 20, 2014, 02:36:01 AM
 #16

Should i buy now or not? is this a trap?  Grin

if its a trap... at least you'll be traped with an asset that is:

1. Scarce
2. Durable
3. Portable
4. Divisible
5. Impossible to counterfeit
7. Fungible ( any 1 BTC has the same value as any other )
8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)
10. all of the above. + very shiny


 Cheesy

Ok...but what if this scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset looses 100% of its value?

The you have a scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset that is worthless.

My point? Your point is pointless.

speculation...

your doing it wrong!

falllling
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August 20, 2014, 05:05:11 AM
 #17

Should i buy now or not? is this a trap?  Grin

this is a trap man, the same as 3 days ago
williamj2543
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August 20, 2014, 05:07:03 AM
 #18

Buy now, it WILL eventually go higher, its a very long term investment, and don't get scared if it drops, its gonna climb back again. Oh and don't listen to falllling.

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leannemckim46
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August 20, 2014, 06:33:58 AM
 #19

Should i buy now or not? is this a trap?  Grin

At this level, it is good price to buy a few and if it drop more buy a few more.. Average down Smiley

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RISE
FattyMcButterpants
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August 20, 2014, 07:27:44 AM
 #20

Should i buy now or not? is this a trap?  Grin

At this level, it is good price to buy a few and if it drop more buy a few more.. Average down Smiley

averaging down is a good strategy in a bull market. i'd say it was a good idea in the initial correction to the late 2013 bubble, because of the long term bull trend. but an 8 month bear market throws that assumption into jeopardy. best to wait for clarity IMO.
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